Brendel Financial Advisors LLC Sells 6,369 Shares of Chewy $CHWY

Brendel Financial Advisors LLC decreased its position in Chewy (NYSE:CHWY) by 11.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,916 shares of the company’s stock after selling 6,369 shares during the period. Brendel Financial Advisors LLC’s holdings in Chewy were worth $2,127,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CHWY. BC Partners PE LP purchased a new stake in shares of Chewy during the 1st quarter valued at $7,142,402,000. Assenagon Asset Management S.A. acquired a new position in shares of Chewy in the 1st quarter valued at $61,390,000. AQR Capital Management LLC increased its position in shares of Chewy by 3,005.1% in the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock valued at $44,041,000 after acquiring an additional 1,353,539 shares during the period. Ameriprise Financial Inc. increased its position in shares of Chewy by 426.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock valued at $38,686,000 after acquiring an additional 963,780 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of Chewy by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock valued at $74,903,000 after acquiring an additional 606,526 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Trading Up 0.2%

NYSE CHWY opened at $38.50 on Friday. The company has a 50-day moving average price of $38.34 and a two-hundred day moving average price of $38.37. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 110.00, a price-to-earnings-growth ratio of 9.54 and a beta of 1.65. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, equities research analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other news, CAO William G. Billings sold 20,142 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the transaction, the chief accounting officer owned 29,464 shares in the company, valued at $1,048,034.48. This represents a 40.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares in the company, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,008,777 shares of company stock worth $1,252,444,321 in the last quarter. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CHWY has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Chewy in a research report on Thursday, September 11th. Citigroup dropped their target price on Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Citizens Jmp raised shares of Chewy to a “strong-buy” rating in a research note on Thursday, July 10th. Barclays dropped their target price on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Finally, Morgan Stanley cut their price objective on Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $45.72.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.